Spread before costs (cost unknown: a leg has no order-book sample)+0.658%
7d average+0.014%if it closes, per $10,000$66funding while held, a day−$4.82
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps PONS-USD | 0.5897 | 0.0304 | pay 0.0038% / 1h | 35m 38s | $47K | $1.8M | 3x |
| Short | Variational Omni PONS | 0.5936 | 0.0143 | get 0.0072% / 4h | 2h 35m | $1.2M | $3.9M | — |
Polymarket Perps PONS-USD
Variational Omni PONSPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $65.84
- Funding while held
- −$4.82
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $53.02
- Spread needed to break even
- 0.080%
Slippage unknown: Polymarket Perps: live order book, 4 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0161%
- Per $10,000 a day
- −$4.82
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Polymarket Perps live order book, 4 min ago | 1.86 bp | 6.0 bp −$6 | 6.2 bp −$62 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 5 min ago | 4.22 bp | doesn't fit | 31.2 bp −$312 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestAevo0.5895+2.739%gTrade (Gains Network)0.5896+2.753%Popdex0.5897+2.771%
Injective
Aevo
gTrade (Gains Network)
PopdexPolymarket Perps0.5897+2.780%
BloFin0.5900+2.823%Orderly0.5901+2.844%SunX0.5901+2.848%Nado0.5901+2.849%Extended0.5904+2.893%Binance0.5904+2.893%OKX0.5905+2.910%Bybit0.5906+2.928%BingX0.5906+2.928%Bitget0.5907+2.942%Aster0.5907+2.944%SoDEX0.5908+2.957%MEXC0.5908+2.963%Phemex0.5909+2.980%Pacifica0.5909+2.982%Hyperliquid0.5909+2.989%KuCoin0.5910+2.992%Gate0.5911+3.015%Lighter RH0.5911+3.022%Lighter0.5914+3.067%edgeX0.5919+3.152%Phoenix0.5919+3.156%HTX0.5919+3.156%ApeX Omni0.5925+3.257%
BloFin
Orderly
SunX
Nado
Extended
Binance
OKX
Bybit
BingX
Bitget
Aster
SoDEX
MEXC
Phemex
Pacifica
Hyperliquid
KuCoin
Gate
Lighter RH
Lighter
Phoenix
HTX
ApeX OmniVariational Omni0.5936+3.456%
PONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −2.705% | +0.0033% | 1h | $590 | $7K | 5.5x | as long as short |
| Aevo PONS-PERP | −0.039% | +0.0168% | 1h | $367 | — | 3x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.026% | L +0.0032% / S −0.0032% | 1h | $213K | — | 150x | as long as short |
| Popdex PONSUSDT | −0.008% | +0.0096% | 1h | $18K | $493K | 20x | as long as short |
| Polymarket Perps PONS-USDlong | 0.000% | +0.0304% | 1h | $47K | $1.8M | 3x | |
| BloFin PONS-USDT | +0.042% | +0.0579% | 4h | $1.7M | $967K | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.063% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| SunX PONS-USDT | +0.066% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Nado PONS-PERP | +0.067% | +0.0190% | 1h | $78K | $93K | 5x | as long as short |
| Extended PONS-USD | +0.110% | +0.0328% | 1h | $88K | $539K | 5x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance PONSUSDT | +0.110% | +0.0331% | 4h | $38.5M | $97.9M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.127% | +0.0144% | 4h | $13.2M | $55.6M | 20x | as long as short |
| Bybit PONSUSDT | +0.144% | +0.0137% | 4h | $17.7M | $30.1M | 20x | as long as short |
| BingX PONS-USDT | +0.144% | +0.0374% | 4h | — | $3.2M | — | as long as short |
| Bitget PONSUSDT | +0.158% | +0.0170% | 4h | $4.6M | $11.3M | 20x | as long as short |
| Aster PONSUSDT | +0.160% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| SoDEX PONS-USD | +0.173% | +0.0100% | 1h | $26K | $507K | 3x | as long as short |
| MEXC PONS_USDT | +0.178% | +0.0330% | 4h | $7.3M | $5.2M | 20x | as long as short |
| Phemex PONSUSDT | +0.195% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Pacifica PONS | +0.197% | +0.0285% | 1h | $49K | $119K | 3x | as long as short |
| Hyperliquid PONS | +0.203% | +0.0217% | 1h | $59.1M | $29.1M | 3x | as long as short |
| KuCoin PONSUSDTM | +0.207% | +0.0106% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Gate PONS_USDT | +0.229% | +0.0100% | 4h | $5.3M | $7.7M | 20x | as long as short |
| Lighter RH PONS | +0.236% | +0.0120% | 1h | $412K | $2.3M | 3x | as long as short |
| Lighter PONS | +0.280% | +0.0496% | 1h | $1.7M | $854K | 3x | as long as short |
| edgeX PONSUSDC | +0.362% | +0.0370% | 4h | $21K | $292K | 10x | as long as short |
| Phoenix PONS | +0.366% | +0.1523% | 1h | $24K | $61K | 3x | as long as short |
| HTX PONS-USDT | +0.366% | +0.0100% | 4h | $63K | $496K | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.465% | +0.0100% | 1h | $30K | $320K | 5x | as long as short |
| Variational Omni PONSshort | +0.658% | +0.0143% | 4h | $1.2M | $3.9M | — |